Confidentiality of consumer information is a top priority for merchants, consumers, issuers, and acquirers. The more risks and data leaks there seem to be, the more difficult it would be to reassure clients that providing their MasterCard information online or over the line is secure.
SecureCode offers you an extra layer of security. It is a one-time password (OTP) that is sent to you by text message. This one-time password (OTP) is created by the issuing bank and therefore is needed when you trade online with a merchant who offers the product.
MasterCard SecureCode has become a protected digital payment system that is only accessible to MasterCard cardholders. It utilizes the 3DS payment system to confirm your identity as a cardholder. The verification process is straightforward and consists of three phases.
Merchants are advised to use techniques relying on 3-D secure modern technology. It reflects an increasing knowledge that the consequences of trying to make checkouts too convenient are certainly too awesome to retain and that an extra embracing behavior toward multi-factor verification procedures would then support the overall transactions environment.
If current chargeback statistics indicate that actual fraudulent claims are biting through your income and increasing your chargeback percentage, MasterCard SecureCode could be able to help you stop illegal activities and defend your consumers from scams.